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Mortgage Rates

June 7, 2012 | By E. Scott Reckard
Mortgage rates fell to new lows for the sixth straight week, with lenders offering the 30-year fixed-rate loan at an average 3.67%, down from 3.75% a week ago, home finance giant Freddie Mac said. The 15-year fixed-rate loan averaged 2.94%, down from 2.97% last week, according to Freddie's latest weekly survey . Freddie Mac economist Frank Nothaft attributed the decline to reports showing weak growth in jobs and the economy. Those factors make inflation less likely and pressure central bankers to keep rates down.
October 3, 2013 | By E. Scott Reckard
Mortgage rates have tumbled for the third straight week, with Freddie Mac pegging the 30-year fixed loan at an average of 4.22%, down from 4.32% last week to the lowest level since June. But what good is a low rate if a lender can't process your application? A protracted government shutdown would hamper the ability of lenders to confirm borrowers' incomes and identities, as well as threatening loans that are backed by agencies such as the Federal Housing Administration. “The federal government shutdown will have a growing impact on the housing market the longer it continues,” David H. Stevens, president and chief executive of the Mortgage Bankers Assn., said in a statement Thursday.
October 18, 2012 | By E. Scott Reckard
Mortgage rates hovered near their all-time lows this week, with the average 30-year fixed loan at 3.37%, down from 3.39% last week, Freddie Mac said in its latest survey of what lenders are offering to solid borrowers. The record low of 3.36% was set two weeks ago. Freddie said the average offering rate for a 15-year home loan was 2.66%, a new record low. Borrowers would have paid an average 0.7% of the loan amount in upfront lender fees and points for the 30-year loan and 0.6% for the 15-year mortgage.
June 8, 2003 | From Times wire reports
Mortgage rates continue to fall, marking the fourth straight week and the ninth time this year that they fell to new lows. The 5.26% average rate on 30-year fixed-rate home loans for the week ending Friday surpassed the previous low of 5.31% the week before, Freddie Mac reported. The average on 15-year fixed-rate mortgages also fell to a new low of 4.66% from the previous low of 4.73%. Rates for one-year adjustable mortgages dropped to a new low of 3.59% from 3.63%.
February 6, 2004 | From Associated Press
The average rate on 30-year mortgages increased to 5.72%, up from 5.68% last week, Freddie Mac said. For 15-year mortgages, a popular option for refinancing, rates rose to 5.03% this week, up from 4.97% last week. Rates for one-year adjustable mortgages increased to 3.61%, compared with 3.59% last week. The nationwide averages for mortgage rates do not include add-on fees known as points. Each loan type carried an average fee of 0.6 point this week.
June 6, 2013 | By E. Scott Reckard
Fixed mortgage rates shot higher for the fifth consecutive week,Freddie Macsaid, with the typical 15-year home loan topping 3% for the first time in a year and the 30-year rate rising to an average of 3.91% from 3.81% a week ago. The trend reflects Wall Street's belief that the improving economy may cause the Federal Reserve to cut back on a bond-buying program that has kept long-term interest rates low, Freddie Mac said Thursday as it released its...
April 13, 2012 | By E. Scott Reckard, Los Angeles Times
Mortgage rates are sharply lower on news of a weakening job market, with the 30-year fixed loan averaging 3.88% this week and the 15-year fixed at a record low of 3.11%, according to Freddie Mac. The average for the 30-year loan was down from 3.98% a week earlier, Freddie Mac said in its latest weekly report. The 15-year mortgage, popular with refinancers seeking to pay off their loans, was down from 3.21% a week ago. Its previous record low of 3.13% was set March 8. The start rates for adjustable mortgages were little changed.
May 10, 2012 | By E. Scott Reckard
Mortgage rates have descended further into record low territory for the second straight week, with the average for a 30-year, fixed-rate loan dropping to 3.83% from 3.84% last week, Freddie Mac said. The 15-year fixed loan also dipped to a record low, falling from 3.07% to 3.05%, according to  Freddie Mac's latest survey , released Thursday. Borrowers would have paid an average of 0.7% in upfront lender fees to obtain the fixed-rate loans. People with solid credit and incomes who shop around or who pay additional discount points to lenders often can obtain slightly better rates than those quoted by Freddie Mac. Adjustable loans were mixed.
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